VR Capital, Fidera Join Ashmore on Venezuela Bondholder Group

VR Capital Group and Fidera Ltd are joining a Venezuela creditor committee, bringing the amount the group controls to roughly half of the nation’s $60 billion of defaulted dollar bonds, according to people familiar with the matter.

The addition of the London-based investment managers provides a shot in the arm for a group that formed in late 2018, shortly after Venezuela began defaulting on government and state oil company debt.